(1) Marginally attached workers wanting jobs but not actively looking in the past 30 days. They looked unsuccessfully in the last year. They include “discouraged workers.” They gave up in frustration within, but not exceeding, the past 12 months.
(2) People looking for full-time work but forced to take part-time or temp jobs to be employed.

Based on how unemployment was calculated in the 1980s, Williams reported actual unemployment at 23%. It’s a “new (post WW II) high,” he said.

US employment is more phantom than real. The so-called “birth-death model” manipulates calculations. It estimates net non-reported jobs from new businesses minus losses from others no longer operating. Doing so exaggerates job creation. Thousands of non-existent ones are added to BLS monthly numbers. Doing so distorts reality.

Crisis reflects America’s economy. Irresponsible policies deprive people of work. Long-term unemployment remains at post-WW II highs. Nearly 40% of people wanting work haven’t found it for over six months.

Unadjusted unemployment increased 440,000. Adjusted left it unchanged. Doing so belies reality. What looks solid and reliable to some, reflects hard times for millions. Sweeping people wanting work under the rug doesn’t change things.

The National Employment Law Project reports over six million unemployed workers exhausted benefits since fall 2007. Numbers keep rising monthly.

In February 2012, bipartisan complicity cut unemployment benefits. Duration for those receiving it dropped from 99 to 73 weeks.

New York TimesSpeak didn’t notice. On January 4, it headlined “Tax Code May Be the Most Progressive Since 1979.”

Saying so turned truth on its head. About “99.3 percent of households experience(d) no change in their income taxes.”

Nearly half US households pay none. All workers have payroll tax deductions. Raising them from 4.2% – 6.2% exacted a 50% tax increase for most Americans.

The Times pretended not to notice. It cited the Tax Policy Center saying the average top 1% household “will pay a federal tax rate of more than 36 percent this year, up from 28 percent in 2008. That is the highest rate since 1979, at least.”

“By some measures, the tax code might now be the most progressive in a generation,” said The Times. Saying so is a Big Lie.

“Obama made ‘tax fairness’ a centerpiece of his re-election campaign.” He “insiste(d) on tax increases for the top 2 percent of households and a continuation of tax breaks and cuts for a vast number of taxpayers.”

Stephen Lendman lives in Chicago and can be reached at lendmanstephen@sbcglobal.net. His new book is titled “Banker Occupation: Waging Financial War on Humanity.” http://www.claritypress.com/LendmanII.html

Visit his blog site at sjlendman.blogspot.com and listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network Thursdays at 10:00 AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.

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